From Financial Modeling Prep: 2025-02-19 07:00:02

Carvana Co. (NYSE:CVNA) has seen an increase in its average price target over the past year, signaling growing confidence in the company’s growth potential. Recent market conditions, including a rise in used car sales, have contributed to bullish momentum for Carvana. Analysts are projecting earnings of 24 cents per share and revenues of $3.33 billion for the fourth quarter of 2024, with strategic initiatives and market trends playing a key role.

Carvana Co. (NYSE:CVNA) is a major player in the online used car retail market, offering a unique car-buying experience through its e-commerce platform. The company competes with other online retailers like Vroom and traditional dealerships. Recent optimism around Carvana is reflected in its average price target of $275, with factors like increased used car sales and upcoming earnings contributing to its positive momentum.

Three months ago, Carvana’s average price target was slightly higher at $293.33, indicating a more bullish sentiment among analysts. The company is set to announce its fourth-quarter 2024 earnings, with earnings of 24 cents per share and revenues of $3.33 billion projected. The increasing price target over the past year suggests growing confidence in Carvana’s business model and growth potential.

A year ago, Carvana’s average price target was significantly lower at $189.93, showing a substantial increase over time. Evercore ISI has set a price target of $110 for Carvana, highlighting optimism about its future performance. The company is expected to be a major winner in 2024, with strong revenue and earnings growth potential anticipated for 2025.

The upward trend in Carvana’s consensus price target reflects increasing optimism about its future performance. Investors should consider various factors like market conditions, competition, and financial health when evaluating these targets. Strategic initiatives, market trends, and earnings reports will be crucial in shaping analysts’ views and potential changes in price targets.



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